Machine tool manufacturers Lokesh Machines today said it has entered an agreement with Austria's EMCO GmbH for manufacturing and selling their machines in India.
"Our technical collaboration for manufacturing, with a global leader will spur our growth momentum substantially. Our emphasis on quality and innovation has always led us to explore new horizons of excellence in every endeavour. Our technological tie up with EMCO Group is yet another strong step in the right direction," Lokesh Machines Director M Sri Krishna said in a release issued here.
EMCO Group is one of the leading technological Machine Tool company based out of Austria and having various manufacturing plants located in Austria, Germany and across Italy.
The Austrian company specialises in multi-tasking and multi axis turning and milling machines and 5-Axis machining centres with installations at leading automotive, aerospace and general engineering companies in Europe and USA.
This technology tie-up will help Lokesh expand its customer base beyond the traditional automotive OEM'S tier I and tier II's and offer specialised manufacturing solutions to a host of manufacturers, he added.
These machines will be assembled at the new manufacturing facility at Kallakal in Hyderabad.
Lokesh Machine will manufacture the multitasking machines soon for Indian market as well as re-export.
Presently the company is operating from five locations in Hyderabad and Pune.
The company also exports CNC machines to Japan, Netherlands, Italy, Turkey, China, and Middle East countries.
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